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    • China Spreads Alternative To US GPS System

      Pakistan is set to become the fifth Asian country to use China's domestic satellite navigation system, which was launched as a rival to the US satnav system. The Beidou or Compass system started providing ...

    • Financial Times Hacked By 'Syria Group' Sky News - 2 hours 7 minutes ago
      Financial Times Hacked By 'Syria Group'

      The website and Twitter account of the Financial Times have been hacked, apparently by activists who support the Syrian government. The Syrian Electronic Army claimed responsibility for the attack, in ...

    • Gran Turismo Wants To Build Real-Life Racer Sky News - 2 hours 8 minutes ago
      Gran Turismo Wants To Build Real-Life Racer

      Video game Gran Turismo could be set to give big brand car makers a run for their money. At a special event to celebrate the title's 15th anniversary, its creator said he hopes the brand will eventually ...

    • Slovenia Gets Second Agency Debt Downgrade Sky News - 2 hours 23 minutes ago
      Slovenia Gets Second Agency Debt Downgrade

      Slovenia said it was confident its newly-adopted action plan would stabilise public finances and lead to an economic recovery, a day after ratings agency Fitch downgraded the crisis-hit country. "The ...

    • Sir Roger Carr In Lead to Become BAE Chair Sky News - 2 hours 34 minutes ago
      Sir Roger Carr In Lead to Become BAE Chair

      Sir Roger Carr, the President of the CBI, has emerged as the leading candidate to chair defence contractor BAE Systems. I understand that Sir Roger, who is about to end his two-year term at the helm of ...

    • FirstGroup Plots Route To £500m Rights Issue

      The company behind Greyhound buses and the First Capital Connect rail franchise is poised to tap shareholders for £500m in new funds months after it lost out in the fiasco over the West Coast mainline. ...

    • EU To Ban Olive Oil Bottles From Restaurants

      Traditional olive oil jugs are to be banned from restaurants across Europe following a decision in Brussels. The European Commission has declared that only non-refillable, pre-packaged factory bottles ...

    • EU To Ban Olive Oil Bottles From Restaurants

      Refillable olive oil bottles in eateries across Europe are set to be banned, to stop restaurateurs topping them up with cheaper substitutes. The European Commission said that from 2014, restaurant customers ...

    • Nuisance Calls: Claim Firms Face Ofcom Inquiry Sky News - Fri, May 17, 2013 15:08 BST
      Nuisance Calls: Claim Firms Face Ofcom Inquiry

      A consumer group has described as "shocking" a regulator's report which identified alarming levels of nuisance calls by claims management companies (CMCs). Ofcom said it was planning to formally ...

    • Claim Firms Face Nuisance Call Inquiry Sky News - Fri, May 17, 2013 15:05 BST
      Nuisance Calls: Claim Firms Face Ofcom Inquiry

      A consumer group has described as "shocking" a regulator's report which identified alarming levels of nuisance calls by claims management companies (CMCs). Ofcom said it was planning to formally ...

    • Cameron Set For Talks With Google's Schmidt Sky News - Fri, May 17, 2013 14:19 BST
      Cameron Set For Talks With Google's Schmidt

      David Cameron will meet next week with Eric Schmidt, the chairman of Google, just days after a fresh political row erupted over the internet search giant's UK tax affairs. I understand that Mr Schmidt ...

    • Foxconn To Miss Apple Overtime Deadline Sky News - Fri, May 17, 2013 13:54 BST
      Foxconn To Miss Apple Overtime Deadline

      Efforts to improve working conditions at Apple's main manufacturer in China, Foxconn, have made significant progress but the company will need more time to reduce overtime. The conclusions were reached ...

    • Morrisons In Ocado Deal To Sell Food Online Sky News - Fri, May 17, 2013 13:48 BST
      Morrisons In Ocado Deal To Sell Food Online

      Morrisons has reached agreement with online grocer Ocado to launch its own food offering over the web from January 2014. The companies, which confirmed the 25-year deal after months of talks, saw their ...

    • Venezuela Hit By Toilet Paper Shortage Crisis Sky News - Fri, May 17, 2013 11:17 BST
      Venezuela Hit By Toilet Paper Shortage Crisis

      Venezuelans have been hit by a chronic toilet paper shortage leading to empty supermarket shelves and long queues to snap up the remaining rolls. When new stocks arrive at supermarkets customers have been ...

    • Morrisons To Sell Food Online With Ocado Help Sky News - Fri, May 17, 2013 09:43 BST
      Morrisons In Ocado Deal To Sell Food Online

      Morrisons has reached agreement with online grocer Ocado to launch its own food offering over the web from January 2014. The two companies, which confirmed the 25-year deal after months of talks, saw their ...

    • Texas Fertiliser Blast: Arson Not Ruled Out Sky News - Fri, May 17, 2013 08:24 BST
      Texas Fertiliser Blast: Arson Not Ruled Out

      Investigations into a deadly blast at a Texas fertiliser plant have failed to identify a cause. State Fire Marshal Chris Connealy said officials were still classifying the cause of the fire that sparked ...

    • Texas Plant Blast Probe Findings Inconclusive Sky News - Fri, May 17, 2013 03:53 BST
      Texas Fertiliser Blast: Arson Not Ruled Out

      Investigations into a deadly blast at a Texas fertiliser plant have failed to identify a cause. State Fire Marshal Chris Connealy said officials were still classifying the cause of the fire that sparked ...

    • LulzSec 'Hactivists' Jailed For Cyber Attacks Sky News - Fri, May 17, 2013 01:13 BST
      LulzSec 'Hactivists' Jailed For Cyber Attacks

      Members of a group of British computer hackers who masterminded sophisticated cyber attacks on major global institutions from their bedrooms have been jailed. Ryan Ackroyd, Jake Davis, Mustafa Al-Bassam ...

    • Google Faces Fresh Grilling Over Low Tax Bills Sky News - Thu, May 16, 2013 23:10 BST
      Google Faces Fresh Grilling Over Low Tax Bills

      Google has denied trying to "disguise" the way its business operates in order to minimise its tax bill in the UK. The internet giant's vice president Matt Brittin was questioned by the Commons' ...

    • Myners And 'Homeless Billionaire' Hunt Deal Sky News - Thu, May 16, 2013 22:50 BST
      Myners And 'Homeless Billionaire' Hunt Deal

      Lord Myners, the former City minister, is joining forces with a man nicknamed "the homeless billionaire" to launch an investment company that will plough hundreds of millions of pounds into a ...

    • Tory MP Backs Cherie Blair Healthcare Firm Sky News - Thu, May 16, 2013 19:32 BST
      Tory MP Backs Cherie Blair Healthcare Firm

      A prominent Conservative MP is among a clutch of investors who have committed funds to a controversial healthcare venture established by Cherie Blair. I understand that Brooks Newmark, a member of the ...

    • HMRC's Dealings With Goldman Sachs 'Lawful' Sky News - Thu, May 16, 2013 17:01 BST
      HMRC's Dealings With Goldman Sachs 'Lawful'

      The High Court has ruled that HMRC's 'sweetheart' tax deal with the investment bank Goldman Sachs was lawful. Campaign group UK Uncut Legal Action had brought the action at the High Court, claiming a deal ...

    • Virgin Atlantic Plunges To Deeper Annual Loss Sky News - Thu, May 16, 2013 16:21 BST
      Virgin Atlantic Plunges To Deeper Annual Loss

      Virgin Atlantic has dived to a steeper annual loss - blaming tough economic conditions and the London 2012 Olympic Games. The airline, founded by Sir Richard Branson, lost £93m in the year to the end of ...

    • RBS To Cut 1,400 Back Office Staff Sky News - Thu, May 16, 2013 15:13 BST
      RBS To Cut 1,400 Back Office Staff

      Part-nationalised Royal Bank of Scotland (RBS) has announced plans to axe 1,400 staff over the next two years. The lender said the cuts were part of efforts to restructure its Retail division's head office ...

    • Honda Returns To Formula One After Five Years Sky News - Thu, May 16, 2013 14:44 BST
      Honda Returns To Formula One After Five Years

      Japanese car manufacturer Honda is returning to Formula One in 2015 as an engine supplier to McLaren. They left the sport in 2008 because of financial trouble but their president, Takanobu Ito, said they ...

    • Virgin Atlantic Plunges To Record Annual Loss Sky News - Thu, May 16, 2013 14:43 BST
      Virgin Atlantic Plunges To Deeper Annual Loss

      Virgin Atlantic has dived to its worst annual loss - blaming tough economic conditions. The airline, founded by Sir Richard Branson, lost £93m in the year to the end of February, worse than the £80m loss ...

    • BP Warns About Inflated Oil Spill Claims Sky News - Thu, May 16, 2013 14:42 BST
      BP Warns About Inflated Oil Spill Claims

      BP wants to stop paying out millions of dollars in what it calls spurious compensation claims stemming from the Gulf of Mexico oil spill in 2010. The oil company has reportedly warned that the excessive ...

    • Thomas Cook Confirms £1.6bn Refinancing Plan Sky News - Thu, May 16, 2013 14:27 BST
      Thomas Cook Confirms £1.6bn Refinancing Plan

      The world's oldest travel firm, Thomas Cook, has announced a £1.6bn capital refinancing plan and new banking facilities to help secure its future. The tour operator on Thursday morning confirmed an earlier ...

    • Royal Mail Hires Firm For Share Giveaway Sky News - Thu, May 16, 2013 13:26 BST
      Royal Mail Hires Firm For Share Giveaway

      The privatisation of Royal Mail will take another step forward on Thursday when the company hands over responsibility for creating one of Britain’s biggest-ever employee share ownership schemes. I understand ...

    • Comet Rivals Profit From Chain's Collapse Sky News - Thu, May 16, 2013 13:03 BST
      Comet Rivals Profit From Chain's Collapse

      The company behind Currys and PC World has reported a big lift in sales since the collapse of rival Comet. Dixons Retail, which is Europe's second-biggest electrical goods retailer, said year profit would ...

    • Honda Return To Formula One After Five Years Sky News - Thu, May 16, 2013 12:52 BST
      Honda Returns To Formula One After Five Years

      Japanese car manufacturer Honda is returning to Formula One in 2015 as an engine supplier to McLaren. They left the sport in 2008 because of financial trouble but their president Takanobu Ito said they ...

    • Comet Rivals Benefit From Chain's Collapse Sky News - Thu, May 16, 2013 12:29 BST
      Comet Rivals Profit From Chain's Collapse

      The company behind the Currys and PC World chains has reported a big lift in sales since the collapse of rival, Comet. Dixons Retail, which is Europe's second-biggest electrical goods retailer, said year ...

    • HS2 Project Has '£3.3bn Funding Shortfall' Sky News - Thu, May 16, 2013 10:42 BST
      HS2 Project Has '£3.3bn Funding Shortfall'

      The HS2 high-speed rail project has an estimated £3.3bn funding gap, according to Whitehall's spending watchdog. The National Audit Office (NAO) also said it was unclear how the controversial new train ...

    • HS2 Project Has '£3.3bn Funding Shortall' Sky News - Thu, May 16, 2013 09:21 BST
      HS2 Project Has '£3.3bn Funding Shortfall'

      The HS2 high-speed rail project has an estimated £3.3bn funding gap, according to Whitehall's spending watchdog. The National Audit Office (NAO) also said it was unclear how the controversial new train ...

    • Japan Economic Recovery Makes Strides Sky News - Thu, May 16, 2013 08:24 BST
      Japan Economic Recovery Makes Strides

      Japan's efforts to stimulate its economy after two so-called 'lost decades' are showing some encouraging early results. Gross domestic product (GDP) rose 0.9% in the first quarter of the year - better ...

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